Alberto Espelosín: "I saw the fall of the banks because I had full confidence in the macroeconomy".
lecture The manager of Abante Pangea Fund and Tempus 30-75 Pensiones, Alberto Espelosín, gave a lecture on the global socioeconomic environment and its application to financial markets during the crisis years to the students of subject Entornos Económicos.
"Estimating macroeconomics is a waste of time, but we should analyze it," said Espelosín, who pointed out that he was able to anticipate the financial crisis because of his full confidence in macroeconomic variables. The manager encouraged the students to develop "second level thinking" that allows for long-term planning deadline without following current trends: "you have to think differently from others to do things differently from average". The speaker also emphasized the emotional and psychological part of a good manager's decision making.
Espelosín, nominated by Allfunds-Expansión as one of the four best investment fund managers in Spain, highlighted the high levels of debt that today drag the world's Economics after the 2007 crisis. A period that he described as "the worst economic crisis in history" and from which we have emerged thanks to the strength of some currencies. Since then, he said, "economic growth will never be the same".
The manager highlighted population aging and digitalization as the current challenges facing the global Economics . "Sixty percent of jobs could be replaced by robots, we are facing a new curtain," he advanced. "It may be that one future we will tax robots in order to cope with this population aging."